QUOTE(Sblad3 @ Jul 21 2015, 08:59 PM)
Updated the full quotation here.
Wonder if lawyer say give 30% lawyer fees, is it on the total professional fee (30% on 6134)or the 30% only particular on the agreement(30% on 4406.4 only)?
Question for GST as well, for this quotation, the GST charged on professional fees. However I've received another quotation that professional fee and disbursement fees both charge GST. Which item can avoid GST??
Loan agreement
Professional fee
loan agreement 4406.4
Charge Annexure / Deed of Assignment (min RM200.00) 440.6
3 Power of Attorney (min. RM200.00) 440.6
6 Developer Confirmation 300
10 Statutory Declaration 200
Total 6,134
Stamp duty
principal facilities agreement 2830
facilities agreement 30
charge annexure/deed of assignment 40
power of attorney 40
statutory declaration 20
letter of offer 10
Total 2970
Disbursement
Affirmation of Statutory Declaration 20
2 Land Search 120
3 OA Search 60
4 SSM Search 60
5 Registration Fee for Power of Attorney 50
10 CTC Title / Official Search 50
11 Developer's Confirmation Fee 53
12 Purchase of Loan Documents 318
13 Fax/Telephone Charges 100
14 Printing/Photocopying Charges 150
15 Transport/Courier/Postage Charges 280
16 Miscellaneous 50
Total 1311
S&P
Professional fee
S&P agreement 4846
Deed of Assignment/Memorandum of Transfer 300
3 Deed of Mutual Covenants 300
4 Developer Confirmation Fees 200
6 CKHT 2A (RM200/person) 400
Total 6196.76
Stamp Duty
Meorandom of transfer/deed of assignment 12840
S&P agreement 40
deed of assignment 30
deed of mutual onvenants 40
total 12950
Disbursement
Affirmation of Statutory Declaration 20
2 Land Search 120
3 OA Search 60
4 SSM Search 60
11 Administration Fee for Developer 53
12 Fax/Telephone Charges 106
13 Printing/Photocopying Charges 159
14 Transport/Courier/Postage Charges 300
15 Miscellaneous 50
Total 928
Hi,Wonder if lawyer say give 30% lawyer fees, is it on the total professional fee (30% on 6134)or the 30% only particular on the agreement(30% on 4406.4 only)?
Question for GST as well, for this quotation, the GST charged on professional fees. However I've received another quotation that professional fee and disbursement fees both charge GST. Which item can avoid GST??
Loan agreement
Professional fee
loan agreement 4406.4
Charge Annexure / Deed of Assignment (min RM200.00) 440.6
3 Power of Attorney (min. RM200.00) 440.6
6 Developer Confirmation 300
10 Statutory Declaration 200
Total 6,134
Stamp duty
principal facilities agreement 2830
facilities agreement 30
charge annexure/deed of assignment 40
power of attorney 40
statutory declaration 20
letter of offer 10
Total 2970
Disbursement
Affirmation of Statutory Declaration 20
2 Land Search 120
3 OA Search 60
4 SSM Search 60
5 Registration Fee for Power of Attorney 50
10 CTC Title / Official Search 50
11 Developer's Confirmation Fee 53
12 Purchase of Loan Documents 318
13 Fax/Telephone Charges 100
14 Printing/Photocopying Charges 150
15 Transport/Courier/Postage Charges 280
16 Miscellaneous 50
Total 1311
S&P
Professional fee
S&P agreement 4846
Deed of Assignment/Memorandum of Transfer 300
3 Deed of Mutual Covenants 300
4 Developer Confirmation Fees 200
6 CKHT 2A (RM200/person) 400
Total 6196.76
Stamp Duty
Meorandom of transfer/deed of assignment 12840
S&P agreement 40
deed of assignment 30
deed of mutual onvenants 40
total 12950
Disbursement
Affirmation of Statutory Declaration 20
2 Land Search 120
3 OA Search 60
4 SSM Search 60
11 Administration Fee for Developer 53
12 Fax/Telephone Charges 106
13 Printing/Photocopying Charges 159
14 Transport/Courier/Postage Charges 300
15 Miscellaneous 50
Total 928
All the items that dropped under professional fees will subject to gst. Also those drop under reimbursement such as (printing, transport, courier, fax, telephone charges, micellaneous...). And yes, normally legal firm provide rebates on the principal legal fees only. Which the amount u quoted is the right one. As they need to follow up your entire case for around 3 months time. So, i trust what they earn is reasonable for their professional advise and assistance they provided to you in the entire 3 months.
Can ask for rebates but always remember that a reasonable rebates will do as long as the firm can promise you to disburse your loan within the timeframe without paying any late penalties. Or else the late penalties ended up will cost more than your discount. Happy shopping and congrats for yr new house!
Jul 22 2015, 02:00 AM

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